It’s every small business owner’s dream: you took out a business loan to start or expand your small business, and it really paid off. Business is booming, cash is flowing, and you suddenly find yourself in the coveted position of being able to pay off your loan far before you anticipated. While you’ve always wanted […] The post Prepayment Penalties: When the Early Bird Doesn’t Get the Worm appeared first on SmallBizClub.
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Here is one that is so important to the continued health of a growing company that it cannot be overstated. It’s a bit complex for novices. But hang in there as I explain a bit about accounting classification of assets and liabilities. Differences between types of assets and liabilities First, let’s be sure we know […] The post Here’s a Rule for Companies with Outstanding Loans appeared first on SmallBizClub.
As a small business owner, you know what it’s like to feel like you need to be an expert on every aspect of running your business — even though that’s next to impossible. Applying and getting approved for a small business loan, for example, is likely completely new territory. How can you be sure you’re getting the […] The post What is a Loan Broker and When Should You Use One? appeared first on SmallBizClub.
Everyone needs capital to turn a great business idea into reality, and most startups secure their first outside financing by talking to friends or family. But at a certain level, your small, growing business needs to secure loans to expand operations and finance expenses. Despite the recent good economic growth in the United States, banks […] The post Take These 4 Steps to Secure Your Small Business Loan the Right Way appeared first on SmallBizClub.
Let’s get right down to it. Your banking relationship can be like a great marriage or a bad trip to the DMV. In most cases it is strictly your choice. But the results of that choice will reverberate for what could be years. For a start… How did you open your first bank account? Did […] The post Bankers: Love ‘em or Hate ‘em, They May Affect Your Future appeared first on SmallBizClub.